Key Developments For lululemon athletica inc.
lululemon athletica inc. (LULU.O) (Nasdaq)
Lululemon Athletica inc. Raises Q3 2009 Guidance
Lululemon Athletica inc. announced that for the third quarter of 2009, it now expects diluted earnings per share (EPS) to be in the range of $0.17 to $0.19 as compared to its previous guidance range for diluted EPS of $0.11 to $0.13. The Company's improved guidance reflects stronger than anticipated net revenues for the quarter. The Company now expects net revenue to be in the range of $110 to $112 million for the third quarter of 2009. This compares to the Company's previous guidance of net revenue in the range of $95 to $100 million for the quarter. Comparable-store sales for the third quarter of 2009 are expected to reflect a high-single digit increase on a constant-dollar basis compared to the third quarter of 2008. This compares to the Company's previous guidance of relatively flat comparable store sales for the third quarter of 2009. According to Reuters Estimates, analysts on an average were expecting the Company to report EPS of $0.14 on revenue of $99 million for the third quarter of 2009.
Lululemon Athletica inc. Reaffirms Q3 2009 Guidance-Conference Call
Lululemon Athletica inc. reaffirmed third quarter 2009 guidance for comparable-store sales to be flat compared to the third quarter of 2008, and revenue to be in the range of $95-$100 million with earnings per share (EPS) of $0.11-$0.13. According to Reuters Estimates, analysts on an average are expecting the Company to report EPS of $0.13 on revenue of $99 million for the third quarter of 2009.
Lululemon Athletica inc. Issues Q3 2009 EPS Guidance; Revenue Guidance Below Analysts' Estimates; Comments On Q3 2009 Comparable Store Sales Guidance
Lululemon Athletica inc. announced that for the third quarter of 2009, it expects comparable-store sales to be relatively flat on a constant-dollar basis compared to the third quarter of 2008. The Company anticipates to reported net revenue to be in the range of $95-$100 million and earnings per share (EPS) of $0.11-$0.13 for third quarter of 2009. According to Reuters Estimates, analysts were expecting the Company to report revenue of $104 million and EPS of $0.11 for the second quarter of 2009.
Lululemon Athletica inc. Comments On Q2 2009 Comparable Store Sales Guidance; Issues Q2 2009 Mixed Guidance
Lululemon Athletica inc. announced that for the second quarter of 2009, it expects comparable-store sales decline in the middle-single digits on a constant-dollar basis compared to the second quarter of 2008. The Company anticipates to reported net revenue to be in the range of $85-$90 million and earnings per share (EPS) in the range of $0.08-$0.09 second quarter of 2009. According to Reuters Estimates, analysts were expecting the Company to report revenue of $83 million and EPS of $0.11 for the second quarter of 2009.
Lululemon Athletica inc. Issues Q1 2009 Guidance; EPS Guidance Slightly Below Analysts' Estimates; Comments On Q1 2009 Same Store Sales Guidance
Lululemon Athletica inc. announced that for first quarter of 2009, it expect a same-store sales decline in the low double digits on a constant-dollar basis compared to the first quarter of 2008. The Company anticipates reported net revenue to be in the range of $70-$75 million for first quarter of 2009 and earnings per share (EPS) is expected to range from $0.07 to $0.08. According to Reuters Estimates, analysts were expecting the Company to report revenues of $73 million and EPS of $0.09 for the same period.
